FXI Dividend Type Payments
Although FXI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares China Large-Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
iShares China Large-Cap ETF (FXI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
36.62 | 36.64 | 36.67 | +0.11 | 34.1M | - | 7.0B |
FXI Dividend-Like Income Using Covered Calls
With FXI at 36.67, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
Annual Yield | Annual Premium | Cents/Day |
---|---|---|
3% | 1.10 | 0.3 |
5% | 1.83 | 0.5 |
10% | 3.67 | 1.0 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
3% Yield On FXI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 37.00 | 0.68 | 40 | 1.7 | 0.36 (1.0%) | |
Apr 4 | 36.50 | 0.29 | 12 | 1.3 | 0.00 (0.0%) |
5% Yield On FXI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 37.00 | 0.68 | 40 | 1.7 | 0.36 (1.0%) | |
Apr 4 | 36.50 | 0.29 | 12 | 1.3 | 0.00 (0.0%) |
10% Yield On FXI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 37.00 | 0.68 | 40 | 1.7 | 0.36 (1.0%) | |
Apr 4 | 36.50 | 0.29 | 12 | 1.3 | 0.00 (0.0%) |
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Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | SLNO dividend | |
2. | SPY dividend | 7. | QQQ dividend | 2. | WOLF dividend | |
3. | SLV dividend | 8. | TLT dividend | 3. | EWTX dividend | |
4. | ASHR dividend | 9. | TSLA dividend | 4. | RGTI dividend | |
5. | NIO dividend | 10. | IWM dividend | 5. | SOUN dividend |
Want more examples? FXH Dividend | FXL Dividend